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Yangzijiang Financial Holding commences share buyback with one million shares bought at 51 cents each

The Edge Singapore
The Edge Singapore  • 1 min read
Yangzijiang Financial Holding commences share buyback with one million shares bought at 51 cents each
YFH shares closed at 51 cents
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Yangzijiang Financial Holding has commenced its share buyback, just a day after it was given the mandate by shareholders to do so.

In an SGX filing on June 9, the company said it has bought one million shares at 51 cents each.

On June 8, after shareholders gave the nod at an EGM, the company announced it has allocated $200 million to buy back shares.

The company’s NTA per share is $1.08. It started trading at 69.5 cents.

YFH shares closed June 9 at 51 cents, down 2.86%.

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